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Pieno zvaigzdes AB, not audited financial results for the first three months of 2014

May 30, 2014

Vilnius, Lithuania, 2014-05-30 16:00 CEST (GLOBE NEWSWIRE) -- Based on preliminary unaudited results Company‘s sales over first three months in 2014 accounted to LTL 227.4 million (EUR 65.9 million), 22% higher compare to a year ago. Sales resulted over first three months in 2013 were LTL 186.4million (EUR 54.0 million). Sales increased in both domestic and export markets. Export volumes increased by 30% and domestic sales increased by 12%. Over the first three months of the year Company’s EBITDA accounted to LTL 10.9 million (EUR 3.2 million) and decreased by 29.3% compare with EBITDA of LTL 15.4 million (EUR 4.5 million) a year ago. Company earned a net profit of LTL 2.4 million (EUR 0.7 million) or 65% less compare with a net profit of LTL 6.9 million (EUR 2.0 million) over same period in 2013. Audrius Statulevicius CFO (+370 5)246 1419 Copyright © 2014 OMX AB (publ).


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Source: OMX


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